Quantchabot has detected a new Bull Call Spread trade opportunity for CHIPOTLE MEXICAN GRILL (CMG) for the 23-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CMG was recently trading at $33.02 and has an implied volatility of 40.21% for this period. Based on an analysis of the options available for CMG expiring on 23-Oct-2026, there is a 34.26% likelihood that the underlying will close within the analyzed range of $33.07-$35.94 at expiration. In this scenario, the average linear return for the trade would be 10.11%.
Big 7.30% Change: After closing the last trading session at $30.77, CHIPOTLE MEXICAN GRILL opened today at $30.68 and has reached a high of $33.40.
Trade approach: A movement as big as 7.30% is a significantly bullish indicator, so this trade is designed to be profitable if CMG maintains its current direction and does not revert back to pricing on the bearish side of $33.02 on 23-Oct-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if CHIPOTLE MEXICAN GRILL closes at or above $33.05 on 23-Oct-2026. Based on our risk-neutral analysis, there is a 50.33% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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